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Metminco issues bidder’s statement for merger with Andes Resources

Proactive Investors Tuesday, 18 June 2019
Metminco Ltd (ASX:MNC) last night lodged its required bidder’s statement detailing the takeover offer of Andes Resources Limited. The offer is for 25 Metminco shares for every 1 Andes share, which has been unanimously recommended by the Andes board. The offer will close at 5.00pm AEST on 23 July 2019, unless extended or withdrawn. READ: Metminco secures firm commitments to raise $2.3 million to support merger with Andes Resources In a letter to Andes shareholders, Metminco’s chairman Kevin Wilson said: On behalf of the Directors of Metminco Limited (Metminco), I am pleased to present you with this compelling opportunity to create a leading ASX listed, Colombian focused gold exploration company through the integration of Metminco’s advanced Miraflores Gold Project and Chuscal, Tesorito and other surrounding prospects, with Andes Resources Limited’s (Andes) extensive tenement holding. “The expanded Metminco will enjoy the benefit of multiple advanced exploration assets and a deep pipeline of exploration opportunities in two richly endowed gold camps.”
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